Europe FX

Key Takeaways: 💹 USD rose after mixed U.S. data, indicating strong economic ground 🗓️ Fed likely to delay first interest rate cut since 2020 📉 Finance chiefs’ warning on sharp decline in yen and won had brief impact on the dollar 📈 U.S. manufacturing activity expanded, strengthening the economy 🏠 U.S. existing home sales fell … Read more

US Dollar Strengthens Slightly Following Fed Comments and Positive Data

Key Takeaways: 💵 The U.S. dollar’s reserve currency status is likely to continue 🌍 Lack of credible challengers, such as the Chinese Yuan, help the dollar’s dominance 📉 Despite challenges from a multipolar world, the dollar is expected to maintain its status 📈 USD remains a preferred currency with long-term support, despite expected cyclical periods … Read more

Key Takeaways: 💵 Dollar retreats from recent highs amid intervention fears 🌍 Dollar’s safe-haven appeal due to geopolitical tensions in the Middle East 🇺🇸 U.S., Japan, and South Korea may coordinate intervention in foreign exchange markets 📉 Gains in the euro may be temporary with ECB expected to cut interest rates 🇬🇧 GBP/USD climbs despite … Read more

Key Takeaways: 💰 Dollar has been rising due to strong U.S. economic data and inflation 📈 Japanese yen has been weakening, prompting concerns from authorities 🌍 U.S., Japan, and South Korea agreed to consult closely on foreign exchange markets 💵 Markets are pricing in 44 basis points of cuts from the Fed this year 📊 … Read more

Key Takeaways: 💵 Bearish positions on most Asian currencies have firmed, intensifying steadily from the start of the year. 📉 Short bets on the Malaysian ringgit and Indonesian rupiah are at high levels. 🌏 Korean won is the most shorted currency, while Singapore dollar positions are at a six-month high. 💪 Strong U.S. economic data … Read more

Key Takeaways: 💸 Asian currencies crept higher as dollar retreated 📈 Fear of high U.S. interest rates still prevalent 📉 Dollar index and futures fell slightly in Asian trade 🌏 Broader Asian currencies firmed slightly but gains were limited 💹 Japanese yen strengthened, markets cautious of government intervention 🇦🇺 Australian dollar recovered, labor force sector … Read more

Key Takeaways 💰 Dollar weakened for the first time in six days 📊 Market consolidates gains, with a slight correction 📈 Uptrend of the dollar still intact 🏛️ Central banks maintain monetary easing outlook 📉 Reduced bets on future rate cuts in the U.S. 🛡️ Dollar has safe-haven appeal due to Middle East conflict risks … Read more

Key Takeaways: 💵 Dollar eases from 5-1/2 month highs after Fed officials indicated rate-cutting cycle on hold 📊 U.S. economy stronger than expected, leading to reduced bets on future rate cuts 🌍 Risks of Middle East conflict increase dollar’s safe-haven appeal in short term 📈 Market expectations for Fed rate cuts this year reduced to … Read more

Key Takeaways 💵 Dollar eased from 5-1/2-month highs due to Fed officials emphasizing rate-cutting cycle on hold 📈 Recent data shows U.S. economy stronger than expected, leading to reduced bets on future rate cuts 🛡️ Dollar gains safe-haven appeal in short term due to risks of broadening Middle East conflict 📉 More hawkish view on … Read more